Welcome to Markets Desk, your midday read on what's moving markets and the broader economy.
SpaceX is quietly building what could become a cornerstone of its valuation story. The company struck a deal worth one point two five billion dollars per month to give Anthropic access to roughly three hundred twenty five thousand Nvidia GPUs at its Colossus data center complex, signaling that renting unused compute capacity is no longer a side project but a serious revenue line.
That AI infrastructure boom is part of what's been driving equities to historic highs, but a pattern emerging in the stock market is flashing caution. The Dow, S&P five hundred, and Nasdaq have all simultaneously hit record territory, a combination observed only three times in one hundred fifty five years, in nineteen ninety nine, twenty twenty two, and now twenty twenty six. History suggests investors should not treat that convergence lightly.
Elsewhere, student loan borrowers are running into a wall of bureaucratic friction just as repayment obligations intensify. Borrowers report hours-long hold times and conflicting guidance from servicers, leaving millions without clear answers on what they actually owe, a situation the Education Department says it monitors but critics argue remains deeply inadequate.
That's the tape. Markets Desk, signing off the floor.
